Even though the Omicron variant looms large, the Canadian economy rebounded strongly in the third quarter. In 2022 and 2023, Canada’s economic output is predicted to grow at a faster-than-anticipated rate of 3.9% and 2.8%, respectively. In the third quarter of 2021, the Canadian economy grew at an annualized rate of 5.4 percent. Q3 was a strong one for consumer discretionary and staple goods, as well as pent-up demand following the nationwide lockdowns. Investors view dividend stocks as a way to beef up their sources of passive income.
Insider Monkey selects the best high dividend stocks in Canada for 2022. Shareholders of Choice Properties Real Estate Investment Trust will receive a C$0.0617 per share monthly dividend, payable on January 17, 2022, according to the company. The company’s retail properties are leased to Loblaw through a strategic partnership with the country’s largest retailer. C$0.21 in third quarter AFFO was reported on November 9 by TransAlta Renewables Inc. There was a 20 percent increase in revenue compared to the same period last year, totaling C$114 million. In 2022, it’s one of the best dividend-paying stocks in Canada, with a 5.13 percent yield for the year. BCE Inc. is a provider of telecommunications services, including fixed and mobile phone lines, internet access, digital television, radio, and print. Analysts had predicted EPS of $0.66 for the third quarter. Overall revenue for the period was up 5.62 percent from the same period in 2013, but it still fell short of forecasts. In addition to producing synthetic crude, petroleum and natural gas, Suncor Energy Inc. is also known for producing petrochemicals and other relevant products. In 2022, the company’s dividend yield is 5.56 percent, making it one of the best dividend-paying stocks in Canada at that time. On December 9, Superior Plus Corp. announced a C$0.06 per share monthly dividend, which will be paid on January 14, 2022. One of the best high dividend stocks in Canada for 2022, the company has a yield of 5.57 percent. For more details, click 10 Best Dividend Stocks In Canada For 2022.
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